Zhejiang Renzhi Co., Ltd. (hereinafter referred to as "the Company," "listed company," "Renzhi Co.") and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Risk Warning: The number of pledged shares held by the controlling shareholder, actual controller, and their concerted actors exceeds 80% of their total shares in the Company. Investors are advised to pay attention to the related risks.
Recently, the Company received a notification from its controlling shareholder, actual controller, and director Ms. Chen Zehong, regarding the release and re-pledging of a portion of her shares. The specific situation is as follows:
I. Basic Situation of Share Release from Pledge
| Shareholder Name | Is Controlling Shareholder or Largest Shareholder | Number of Shares Released from Pledge (shares) | Proportion of Shares Held | Proportion of Total Share Capital | Start Date | Release Date | Pledgee |
|---|---|---|---|---|---|---|---|
| Chen Zehong | Yes | 43,948,987 | 54% | 10.31% | June 20, 2024 | June 3, 2026 | Shenzhen Yuyuan Trade Co., Ltd. |
As of the date of this announcement, the pledgee Shenzhen Yuyuan Trade Co., Ltd. has issued a "Pledgee Consent Letter," agreeing to the transfer of 12,208,052 shares at a price of 7 yuan/share to Shanghai Chengshi Enterprise Management Partnership (Limited Partnership) and to handle the registration and transfer procedures after the release of the pledge.
II. Situation of Share Re-pledging
(1) Basic Situation of Share Re-pledging
Recently, the Company's controlling shareholder, actual controller, and director Ms. Chen Zehong and her concerted actor Pingda New Materials Co., Ltd. (hereinafter referred to as "Pingda New Materials") signed a "Share Transfer Agreement" and a "Voting Rights Waiver Agreement" with Shanghai Chengshi Enterprise Management Partnership (Limited Partnership) (hereinafter referred to as "Shanghai Chengshi"), agreeing that Ms. Chen Zehong will pledge the second batch of target shares (i.e., 61,040,260 shares) to Shanghai Chengshi at the China Securities Depository and Clearing Corporation Limited Shenzhen Branch. For details, please refer to the Company's announcements dated May 21, 2026, regarding the progress of the planned change of control and resumption of trading (Announcement No.: 2026-021), and the announcement regarding the signing of the "Share Transfer Agreement" and "Voting Rights Waiver Agreement" (Announcement No.: 2026-022).
The specific situation of the re-pledging is as follows:
| Shareholder Name | Is Controlling Shareholder or Largest Shareholder | Number of Shares Pledged (shares) | Proportion of Shares Held | Proportion of Total Share Capital | Is it Restricted Stock | Is it Supplementary Pledge | Pledge Start Date | Pledge Expiry Date | Pledgee | Pledge Purpose |
|---|---|---|---|---|---|---|---|---|---|---|
| Chen Zehong | Yes | 61,040,260 | 75% | 14.33% | No | No | June 3, 2026 | Date of release of pledge registration | Shanghai Chengshi Enterprise Management Partnership (Limited Partnership) | Performance Guarantee |